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REGISTERED NUMBER: SC515590 (Scotland)















Financial Statements For The Year Ended 30 September 2023

for

Ayrshire Group Ltd

Ayrshire Group Ltd (Registered number: SC515590)






Contents of the Financial Statements
For The Year Ended 30 September 2023




Page

Company Information 1

Abridged Statement of Financial Position 2

Notes to the Financial Statements 4


Ayrshire Group Ltd

Company Information
For The Year Ended 30 September 2023







DIRECTOR: A T McClurg





REGISTERED OFFICE: Laigh Auchenharvie
Torranyard
Kilwining
Ayrshire
KA13 7RB





REGISTERED NUMBER: SC515590 (Scotland)





ACCOUNTANTS: Robb Ferguson Chartered Accountants
Regent Court
70 West Regent Street
Glasgow
G2 2QZ

Ayrshire Group Ltd (Registered number: SC515590)

Abridged Statement of Financial Position
30 September 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 37,971 16,604
Investment property 5 1,300,000 647,312
1,337,971 663,916

CURRENT ASSETS
Debtors 5,195 4,877
Cash at bank 10,443 13,113
15,638 17,990
CREDITORS
Amounts falling due within one year 655,238 624,948
NET CURRENT LIABILITIES (639,600 ) (606,958 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

698,371

56,958

PROVISIONS FOR LIABILITIES 156,746 2,403
NET ASSETS 541,625 54,555

CAPITAL AND RESERVES
Called up share capital 100 100
Revaluation reserve 462,670 -
Retained earnings 78,855 54,455
541,625 54,555

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 September 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 September 2023 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his responsibilities for:
(a)ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and
(b)preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

Ayrshire Group Ltd (Registered number: SC515590)

Abridged Statement of Financial Position - continued
30 September 2023


The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

All the members have consented to the preparation of an abridged Statement of Comprehensive Income and an abridged Statement of Financial Position for the year ended 30 September 2023 in accordance with Section 444(2A) of the Companies Act 2006.

In accordance with Section 444 of the Companies Act 2006, the Statement of Comprehensive Income has not been delivered.

The financial statements were approved by the director and authorised for issue on 11 March 2024 and were signed by:





A T McClurg - Director


Ayrshire Group Ltd (Registered number: SC515590)

Notes to the Financial Statements
For The Year Ended 30 September 2023

1. STATUTORY INFORMATION

Ayrshire Group Ltd is a private company, limited by shares , registered in Scotland. The company's registered number and registered office address can be found on the Company Information page.

The presentation currency of the financial statements is the Pound Sterling (£).


2. ACCOUNTING POLICIES

Basis of preparing the financial statements
These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention as modified by the revaluation of certain assets.

Turnover
Turnover represents rental income received in the year.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Fixed plant and equipment - 25% on reducing balance
Fixtures and fittings - 20% on cost
Motor vehicles - 25% on reducing balance

Investment property
Investment property is shown at most recent valuation. Any aggregate surplus or deficit arising from changes in fair value is recognised in profit or loss.

Financial instruments
Basic financial instruments are recognised at amortised cost, except for investments in non-convertible preference and non-puttable ordinary shares which are measured at fair value, with changes recognised in profit or loss. Derivative financial instruments are initially recorded at cost and thereafter at fair value with changes recognised in profit or loss.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the statement of financial position date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

Ayrshire Group Ltd (Registered number: SC515590)

Notes to the Financial Statements - continued
For The Year Ended 30 September 2023

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 (2022 - 1 ) .

4. TANGIBLE FIXED ASSETS
Totals
£   
COST
At 1 October 2022 20,167
Additions 33,022
At 30 September 2023 53,189
DEPRECIATION
At 1 October 2022 3,563
Charge for year 11,655
At 30 September 2023 15,218
NET BOOK VALUE
At 30 September 2023 37,971
At 30 September 2022 16,604

5. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 October 2022 647,312
Additions 35,795
Revaluations 616,893
At 30 September 2023 1,300,000
NET BOOK VALUE
At 30 September 2023 1,300,000
At 30 September 2022 647,312

Fair value at 30 September 2023 is represented by:
£   
Valuation in 2023 616,893
Cost 683,107
1,300,000

Investment property was valued on an open market basis on 30 September 2023 by the director. .